A current account based on the Shariah concept of Qard refers to a contract of lending money by a lender to a borrower where the borrower is bound to repay an equivalent amount to the lender. Ownership of the money belonging to the lender is transferred to the borrower and the borrower is obliged to repay the lender in full. Customer as lender lend his money to Maybank Islamic as borrower.
Plus the flexibility of making unlimited withdrawals at your home branch, and outstation withdrawals of RM10,000 as a personal account holder or RM1,000 daily via Maybankard Bankcard.
And you're eligible for protection by PIDM (Perbadanan Insurans Deposit Malaysia).
First are you an individual aged 18 years or above, or a company, association or club?
Do you have an introducer?
And please note the minimum deposit of RM1,000 for an individual/joint account or a minimum deposit of RM2,000 for other accounts.
Ok? Then next steps:
Visit your nearest Maybank/Maybank Islamic branch, bring along your original Identity Card (IC) for Malaysians and Passport for foreigners as your primary document
Plus as supporting documents any one of the following:
A valid passport (if IC is produced as a Primary document), a valid driving license, utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice in the name and address of the customer opening the account, a Letter of employment or your Credit card.
And that's it!
We recommend you go through the small print in detail before you apply for this account.